Top Mega Teams in Los Angeles, California – Ranked by Volume

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2022 Market Summary

Los Angeles, California started 2022 with a total of 673 single-family homes on the market, with a median home price of $1,250,000 and an average price per square foot of $932. By the end of the year, inventory had increased to 1,079 homes on the market (+60%), with a median home price of $1,195,000 (-4%) and an average price per square foot of $890 (-4%).

At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 77 days.

Los Angeles started the year with 23% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 37% of Los Angeles homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Los Angeles started 2022 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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